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investments in the future. it takes investment in equipment and science education and infrastructure and so forth. the question many people don't want to consider is when we get those resources? i asked our research department of the would make a prediction from important the interest costs would be if we did nothing and the estimate without any explosion will was as follows. within 25 years or so, our interest costs would jump from about 1% of gdp to 12% of gdp or roughly four times the total investment made in r&d r&d fer, science jaish infrastructure. and if we ever permit that to happen, we will assure that we are going to have what i call a slow-growth crisis. please take over, this is your meeting. >> one thing i don't plan to be is an economics expert. i felt this way for years it's not just about the health of our economy, it's about around the world it's going to continue to eat at us and when you put in the kind of time bombs of was the intent. it was supposed to be so hammes that congress would never permit it to happen. it's stretched and stressed at the time. i'm one that set
upon restrictions not supported by sound science. so now i'm going to tell you about some problems i have with russia even though i want russia to be in the w.t.o. and i want this legislation to pass so it can be fully implemented. now i would say some things that we have problems. let's take pork exports as an example. in 2008, u.s. pork sales to russia totaled over 200,000 metric tons, and since that time, exports have fallen nearly 60% due to russia's reduced import quotas and questionable sanitary and phyto sanitary restrictions. i'm pleased our trade negotiators were able to negotiate a satisfactory trade rate quota for our pork, but this administration under president obama has fallen short in its obligation to stand up with u.s. farmers on these sanitary and phyto-sanitary standards. in other words, using sound science instead of some i illegitimate reason for keeping our products out of russia. i have communicated time and again what i expected of this administration because they have to negotiate for us. in june 2011, i led a bipartisan letter with senators nelson and 26 oth
Search Results 0 to 1 of about 2